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Broad Run Investment Management, LLC

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13F filer, CIK 1568621, ARLINGTON, VA

Broad Run Investment Management, LLC reported $652,810,405 across 24 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 74.53% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001568621-25-000010

Period
2025-06-30
Reported value
$653M
Holdings
24
Top 10 weight
74.53%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ORLYadded+407,616$36.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BNreduced-146,647-$9.07M
AMATreduced-32,549-$5.96M
MKLreduced-2,582-$5.16M
ECPGreduced-124,562-$4.82M
CDWreduced-19,638-$3.51M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001568621-25-000010, largest first. % of portfolio is the value over $652,810,405, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ASTSAST SPACEMOBILE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,799,086 shares; 2024Q4: 3,773,407 shares; 2025Q1: 3,756,229 shares; 2025Q2: 3,682,428 shares 3,682,428$172M26.36%-73,801Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,298,016 shares; 2024Q4: 1,073,486 shares; 2025Q1: 1,006,781 shares; 2025Q2: 860,134 shares 860,134$53.2M8.15%-146,647Timeline
MKLMARKEL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,110 shares; 2024Q4: 32,856 shares; 2025Q1: 24,408 shares; 2025Q2: 21,826 shares 21,826$43.6M6.68%-2,582Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,626 shares; 2024Q4: 161,176 shares; 2025Q1: 117,085 shares; 2025Q2: 113,237 shares 113,237$40.4M6.19%-3,848Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,302 shares; 2024Q4: 45,511 shares; 2025Q1: 31,533 shares; 2025Q2: 439,149 shares 439,149$39.6M6.06%+407,616Timeline
CCOICOGENT COMM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 706,987 shares; 2024Q4: 700,343 shares; 2025Q1: 698,063 shares; 2025Q2: 677,886 shares 677,886$32.7M5.01%-20,177Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 219,453 shares; 2024Q4: 217,352 shares; 2025Q1: 205,439 shares; 2025Q2: 172,890 shares 172,890$31.7M4.85%-32,549Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 246,177 shares; 2024Q4: 210,435 shares; 2025Q1: 127,912 shares; 2025Q2: 120,300 shares 120,300$26.6M4.07%-7,612Timeline
CDWCDW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 172,493 shares; 2024Q4: 171,503 shares; 2025Q1: 152,705 shares; 2025Q2: 133,067 shares 133,067$23.8M3.64%-19,638Timeline
BAMBROOKFIELD ASSET MANAGMT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,161 shares; 2024Q4: 470,687 shares; 2025Q1: 452,652 shares; 2025Q2: 415,637 shares 415,637$23M3.52%-37,015Timeline
NVRNVR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,190 shares; 2024Q4: 3,164 shares; 2025Q1: 3,099 shares; 2025Q2: 2,921 shares 2,921$21.6M3.3%-178Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 672,928 shares; 2024Q4: 514,597 shares; 2025Q1: 348,317 shares; 2025Q2: 318,091 shares 318,091$21.4M3.27%-30,226Timeline
ECPGENCORE CAP GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,062,586 shares; 2024Q4: 948,801 shares; 2025Q1: 660,661 shares; 2025Q2: 536,099 shares 536,099$20.8M3.18%-124,562Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 84,279 shares; 2024Q4: 80,879 shares; 2025Q1: 68,639 shares; 2025Q2: 64,139 shares 64,139$17.1M2.62%-4,500Timeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,794 shares; 2024Q4: 13,794 shares; 2025Q1: 12,801 shares; 2025Q2: 10,801 shares 10,801$16.4M2.52%-2,000Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,417 shares; 2024Q4: 93,455 shares; 2025Q1: 91,520 shares; 2025Q2: 82,911 shares 82,911$14.7M2.25%-8,609Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,935 shares; 2024Q4: 70,935 shares; 2025Q1: 70,935 shares; 2025Q2: 70,935 shares 70,935$14M2.15%0Timeline
RHRHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,251 shares; 2024Q4: 73,240 shares; 2025Q1: 68,464 shares; 2025Q2: 67,060 shares 67,060$12.7M1.94%-1,404Timeline
SHENSHENANDOAH TELECOMMUNICATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 941,221 shares; 2024Q4: 933,623 shares; 2025Q1: 933,576 shares; 2025Q2: 920,299 shares 920,299$12.6M1.93%-13,277Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,563 shares; 2024Q4: 58,659 shares; 2025Q1: 57,349 shares; 2025Q2: 51,713 shares 51,713$6.41M0.98%-5,636Timeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,000 shares; 2024Q4: 62,000 shares; 2025Q1: 62,000 shares; 2025Q2: 62,000 shares 62,000$4.71M0.72%0Timeline
RELXRELX PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 47,000 shares; 2025Q2: 47,000 shares 47,000$2.55M0.39%0Timeline
BNTBROOKFIELD WEALTH SOL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,721 shares; 2024Q4: 15,721 shares; 2025Q1: 15,721 shares; 2025Q2: 15,721 shares 15,721$971K0.15%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,754 shares; 2024Q4: 2,754 shares; 2025Q1: 2,754 shares; 2025Q2: 2,670 shares 2,670$471K0.07%-84Timeline

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001568621-25-000010 base2025-08-14acceptance time not in the bulk data set